All content is available under the Open Government Licence v3.0, except where otherwise stated, /economy/nationalaccounts/balanceofpayments/articles/uktradewithrussia/2021, Trade in goods with Russia by detailed commodity type, top five imports and exports, Table 1: Imports of refined oil from Russia in 2021 accounted for almost a quarter of all UK imports of this commodity, Trade in services with Russia by detailed service type, top five imports and exports, Table 2: Explicitly charged financial services were the main service type the UK traded with Russia in the 12 months to September 2021, UK trade in goods with Russia interactive content, Trade in goods: country-by-commodity imports, Trade in goods: country-by-commodity exports, UK trade in services: service type by partner country, non-seasonally adjusted, Trade in goods, country-by-commodity experimental data: 2011 to 2016, Balance of Payments (BoP) Vademecum (PDF, 1.1MB), Mechanical power generators (intermediate), Explicitly charged and other financial services, Legal, accounting, management consulting and public relations, Work undertaken on a systematic basis to increase the stock of knowledge. The gas from Russia is mainly used by factories rather than for heating like in many other European nations, so it should have a . In 2021, the UK imported 10.3 billion of goods from Russia, which accounted for 2.2% of all goods imports, making Russia our 12th biggest importing partner. Foreign businesses and brands are meanwhile reconsidering their commercial relationships with the country, with McDonalds, Coca-Cola, Starbucks, Hermes, Chanel, Netflix, Spotify and Prada all severing ties in opposition to the faltering attempted conquest. Oil accounted for 39% of the value of all imports from Russia last year, followed by non-ferrous metals (14%) and gas (9%). The main imported fuel type was refined oil (3.0 billion), which is oil that has been refined to be used as petrol or diesel for road vehicles, or lubricating oil. Do many jobs rely on exports to and from Russia? These data are our best estimate of these bilateral UK trade flows. Sign up for exclusive newsletters, comment on stories, enter competitions and attend events. Cars accounted for 386m or 14.6 per cent of all UK goods exported to Russia, 2.) By clicking Register you confirm that your data has been entered correctly and you have read and agree to ourTerms of use,Cookie policyandPrivacy notice. The ONS revealed "Russia supplied 24.1 per cent of the UK's refined oil imports in 2021, however, Russia. According to Eurostat, in 2020, imports from Russia made up 39% of the gas used in the EU, 23% of oil imports and 46% of coal imports. The main service type traded with Russia in 2021 was other business services (Figure 2), with exports of 0.5 billion and imports of 0.4 billion. The United States could soon overtake Russia as the main crude supplier to the EU and the UK combined - by August, U.S. imports lagged those from Russia by just 40,000 bpd compared with a 1.3 million bpd pre-war average, according to the IEA. Russia accounted for about 45 percent of the EU's gas imports and 40 percent of its entire gas consumption. Traders fear that further instability developing after they have placed an order could prevent their oil from being delivered and are also concerned about complications surrounding transactions involving Russian banks under sanctions after they were excluded from the Swift payment system used to complete payments between lenders. Russia is Europe's largest supplier of natural gas, providing around 35 per cent of the gas used across the continent. In 2012, the EU imported $173 billion (157bn) worth of energy from Russia. Data are supplied by over 30 sources including several administrative sources. Imports of fuels from non-EU countries have seen large increases since mid-2021 (Figure 1). Now, as we renew our campaign and launch this petition in the wake of the unfolding Ukrainian crisis, we are calling on the government to go further and faster to ensure help is delivered. Unlike other countries in Europe, the UK is in no way dependent on Russian gas supply. Reliance on Russian fossil fuels. As Vladimir Putins invasion of Ukraine becomes increasingly vicious, the punitive economic sanctions imposed on Russia by Western governments are continuing to bite, causing the ruble to plummet in value against the US dollar and Moscows central bank to raise its primary inflation rate and introduce capital controls. The value of UK imports from Russia was substantially larger 7.3bn, to be exact than the value of exports from the UK to Russia. By clicking Sign up you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice. Does the UK buy energy from Russia? In the 12 months to September 2021, the UK exported 1.7 billion of services to Russia (0.6% of all services exports) and imported 0.8 billion of services (0.5% of all services imports). Select a commodity from the drop-down menu or click through the levels to explore the data. The UK imported 5.2 billion of fuel from Russia in 2021 which accounted for 9.7% of all fuel imported. The US is less . As always, poor governance is likely to make a bad situation worse.Remittances, estimated by the World Bank to be worth $26.4 billion last year . This was the equivalent of 2% of the total value . How about the services that we export and import? Read our, {{#verifyErrors}} {{message}} {{/verifyErrors}} {{^verifyErrors}} {{message}} {{/verifyErrors}}. What weapons does Russia have? Clearly the UK's gas exports in 2021 were significantly higher than usual. Our single largest source of gas is from the UK Continental Shelf and the vast majority of imports come from reliable. Total trade in goods and services between the UK and Russia was 15.9 billion in 2021, up 3.5bn, or 29 per cent, from the previous year, when trade was significantly affected by the Covid-19 pandemic and the associated lockdown measures globally. According to data from the Office for National Statistics published in December, the top five goods exported from Russia to the UK in 2021 were: 1.) How much gas does the UK import? 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The timing could hardly be worse for an economy already threatened by the global novel-coronavirus epidemic. While these sanctions came into force in late February 2022 and are therefore not yet reflected in monthly UK trade data, there has been heightened interest in the UKs trade with Russia. More quality and methodology information on strengths, limitations, appropriate uses, and how the data were created is available in the UK trade QMI. Russian crude is currently being offered at massive discounts on world markets but few European buyers are biting. There are no direct gas pipelines between Russia and Britain, and according to the Government, Russian imports made up less than four. Overall, Russia has cut it supplies of gas to Europe by 88% over the past year, according to David Fyfe, chief economist with research firm Argus Media. In 2021 imports from Russia made up 4% of gas used in the UK, 9% of oil and 27% of coal. People walk past a McDonalds restaurant in the main street in Moscow. How reliant is the UK on Russia for gas?Unlike other European countries, only a very small proportion of the UKs gas comes from Russia, in liquefied form. Specialised machinery 199.2 million or 7.6 per cent, 4.) Norway, Canada, Sweden and Belgium are also key exporters to Britain. View complete answer on assets.publishing.service.gov.uk, View complete answer on worldometers.info, View complete answer on theecoexperts.co.uk, View complete answer on nationalworld.com, View complete answer on theconversation.com. The government added in its statement that Russian natural gas currently accounts for 4 per cent of UK imports and said that: Ministers are also exploring options to reduce this further.. Cars accounted for 0.4 billion of the machinery and transport equipment exports; 1.6% of the UKs total car exports 2021. What is the value of exports and imports between the UK and Russia? However, the UK is aiming to wean that down to zero by the end of the year. For more information about our methods and how we compile these statistics, please see Trade in goods, country-by-commodity experimental data: 2011 to 2016. How much fuel does the UK import from Russia? Russia was the UKs largest supplier of refined oil in 2021, accounting for 24.1% of all imports of this commodity (Table 1). For imports in 2020, 55% of the country's gas came via pipeline from Norway, and about half of the remainder came in the form of LNG from Qatar. All rights reserved. This is unrefined petroleum which is then refined to produce useable products such as petrol or diesel. The trade balance is the difference between exports and imports or exports minus imports. Oct 12, 2022 | 4:47 AM. Where does the UK get its electricity from 2021? (Reuters) - Russian oil imports into the European Union and United Kingdom fell 35% to 1.7 million barrels per day (bpd) in August from 2.6 million bpd in January, but the EU was still the biggest market for Russian crude, according to the International Energy Agency (IEA). View the UK trade QMI for more detail on data sources and methods. To sign the petition click here. With the energy crisis set to continue well into the winter, many people are wondering where the UK gets its gas from and how much comes from Russia. In 2021 imports from Russia made up 4% of gas used in the UK, 9% of oil and 27% of coal. Trade in goods: country-by-commodity imports Dataset | Released 11 March 2022 Monthly import country-by-commodity data on the UK's trade in goods, including trade by all countries and selected commodities, non-seasonally adjusted. Around one-third of it is imported via pipelines from Norway, which holds the most gas of any European country ( 66 trillion cubic feet of gas - around 1-2% of all the proven gas reserves in the world). Britain currently gets 8% of its oil from Russia, importing 4.7 million tonnes of Russian oil in 2021. What does the UK buy from Russia? . You can explore the full data, which break down UK trade in goods with 234 countries by 125 commodities, using our interactive tools. However, the UK is aiming to wean that down to zero by the end of the year. According to Eurostat, in 2020, imports from Russia made up 39% of the gas used in the EU, 23% of oil imports and 46% of coal imports. This covers a wide range of services relating to business such as research and development, legal, accounting and public relations as well as advertising and market research. 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